Allianz sells third of stake in Chinese bank
Allianz has reported a gain of 400m euros of the sale of the third of its shares in Industrial & Commercial Bank of China that it bought in April 2006.
Allianz has sold a third of its remaining stake in Chinese lender Industrial & Commercial Bank of China for a gain of about 400 million euros ($545m), according to newswire Bloomberg.
Before the sale
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